In the September 15, 2020 edition of The New York Times, the American Enterprise Institute’s Chris Miller crowed that with its barrage of sanctions Washington would “Decapitate” the Chinese telecom giant Huawei. In this premature pronouncement Miller, whose book Chip War is a favorite of Beltway-Sinophobes, is just the latest in a long line of arrogant American hawks predictably proven wrong. Indeed, despite years of sanctions and trade restrictions, Washington's attempt to crush Huawei, a flashpoint in the escalating fight between the United States and China, has fallen flat. Huawei is not...
Washington is Sprinting (Not Sleepwalking) Into War With China
The narrative that America is "sleepwalking" toward war with China is a dangerously misleading myth. Far from a somnambulant stumble, the United States is being deliberately led by national security and military elites into a conflict with China, with Congress eagerly tripping over itself to out-hawk each other. The motivation? A toxic blend of defense industry contributions and a misguided sense of geopolitical dominance. Since becoming president, Joe Biden’s pronouncements have starkly reversed the longstanding U.S. policy of "Strategic Ambiguity" concerning Taiwan. Historically, this...
Exposing Elite Cynicism With Satirical Truth
Christopher J. Coyne and Abigail R. Hall’s How to Run Wars: a Confidential Playbook for the National Security Elite is a sharp, sardonic critique of America's perpetual engagement in wars abroad and the erosion of civil liberties at home. The book, newly published by the Independent Institute, masquerades as a guide for the Washington elite, offering a satirical blueprint for maintaining endless conflict and suppressing domestic dissent. Through chapters such as "Control the Narrative," "Capture the Media," "Silence Dissent," "Ignore International Law," "Sacrifice Liberty in the Name of...
‘Savings Are Bad’ and Other Keynesian Errors
While it is difficult to choose among them, arguably the most pernicious part of John Maynard Keynes' legacy is his misunderstanding of what savings and interest rates are, and how they related to the rest of the economy. These mistakes were passed on to his followers and remain with us today—as anyone who has had the misfortune of reading a Paul Krugman column in The New York Times is well aware. Savings, we are told, hurt the economy because they depress spending, and as the economy is driven by spending, savings are anathema to a healthy economy. But is that the case? As any studied...
DOJ, Lay Off Live Nation!
Last month, the U.S. Department of Justice (DOJ) finally came out with their long anticipated antitrust lawsuit against Live Nation Entertainment. Alleging anti-competitive practices which “suffocates its competition,” everyone’s least favorite Attorney General (since the last one, and the one before that, and the one before that…) Merrick Garland, announced gleefully to cameras that it was “Time to break up Live Nation.” Yes, even though the allegedly offending entity of Live Nation’s business, Ticketmaster, has seen its market share decline since its acquisition by Live Nation...
Rescind Netanyahu’s Invitation!
The recent decision by U.S. congressional leaders to invite Israeli Prime Minister Benjamin Netanyahu to address the Capitol has rightly sparked outrage and dismay among those who oppose Israel's genocidal actions in Gaza. Coming as it does in the wake of the International Criminal Court's charges against Netanyahu, this move, which aims to showcase solidarity with Israel, is deeply troubling on moral, political, and geostrategic grounds, highlighting the hypocrisy and, to put it mildly, moral ambiguity of U.S. foreign policy. The invitation to Netanyahu comes at a time when Israel's...
Walter Block Succumbs to the Fake China Threat
There are those who will say that what follows is “piling on,” or “nitpicking,” or perhaps any number of other things. It is, however, at bottom a simple matter of defending a principle and of defending the truth. And while it gives me no pleasure to write the following, such circumstances as to be described (finally) compelled me to it. Libertarians across the internet have, of late, been treated to a veritable war of words between giants of the libertarian intellectual community. On one side, Walter Block, author of many worthy books and articles criticizing, especially, state policing of...
The Continuing Farce of the U.S. Tariff War
In recent years, American politics has been mired in a narrative of fear and suspicion surrounding China—a narrative perpetuated by successive administrations, defined by nothing so much as speculation and hysteria, and which has fueled the production of a plethora of counterproductive protectionist policies. The latest move by the Joe Biden administration to impose steep tariffs on Chinese imports, including electric vehicle (EV) batteries, computer chips, and medical products, is just another chapter in this saga. The damaging consequences of such policies touch not only tensions with...
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Last Rights: The Death of American Liberty
Americans today have “freedom” to be fleeced, groped, injected, harassed, surveilled, vilified, disarmed, beaten, detained, and maybe shot by federal agents. From hapless homeowners hit by SWAT raids to pandemic lockdowns pointlessly paralyzing lives, government...
The Fake China Threat and Its Very Real Danger
Today the front pages and bookstores are filled with tales of the so-called "China Threat." From spy balloons to Fentanyl pipelines, genocide to dreams of world domination: CHINA! But is it all true? Is any of it? Now, for the first time, the speciousness of these and...